Brendan Burgess
Founder
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I have argued here that the new rules will raise the rates for high LTV mortgages although 44brendan disagrees with me.
Mortgage rates will shoot up for high LTV mortgages
Banks will be allowed to lend 15% of their new mortgages in excess of 80%.
This could boost the switcher market. If KBC manages to attract €500m from other lenders , they will be able to offer another €75m of new lending in excess of 80%.
So they will welcome switchers and probably offer even better deals for large loans with low LTVs.
Brendan
Mortgage rates will shoot up for high LTV mortgages
Banks will be allowed to lend 15% of their new mortgages in excess of 80%.
This could boost the switcher market. If KBC manages to attract €500m from other lenders , they will be able to offer another €75m of new lending in excess of 80%.
So they will welcome switchers and probably offer even better deals for large loans with low LTVs.
Brendan